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Breaking: Fed hikes policy rate by 25 bps as expected

Mohamed Abdelhamid 1 February, 2023 11:01 pm Breaking News, Forex Market, Market Update

The US central bank on Wednesday announced that it raised the policy rate, federal funds rate, by 25 basis points to the range of 4.5-4.75% following the first policy meeting of 2023. This Fed’s decision came in line with the market expectation.

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